Kingspan optimistic as residential sector picks up

construction products firm says market conditions are now ’stable’ due to improvements in housing and non-office commercial sectors

Kingspan says the future is optimistic as the residential sector starts to pick up.

A statement from the construction products firm on its performance so far this year said that market conditions are now “stable”, due to improving residential construction and non-office commercial work.

It warned that material costs may put pressure on margins however, especially as steel prices rise. The firm said it was a “significant variable” that would have to be managed during the summer.

The statement continued: “Looking ahead, the sense of nervousness that prevailed in all of the group’s markets a year ago, is less evident at present.”